MAGNETIC FTSE Trading Report - 06 February 2017

We are in neutral territory between 7260 and 7100.  The best play is to sell high and buy low in this range with stops either side of this range.

MAGNETIC FTSE Trading Report - 03 February 2017

Fridays rarely reverse the trend which has a been a week of selling rallies so I expect more of the same at least until 1pm when NFP news comes out.

MAGNETIC FTSE Trading Report - 02 February 2017

We have the BOE rate decision at 12pm so there could be some movement on the FTSE if GBP/USD is affected.

MAGNETIC FTSE Trading Report - 01 February 2017

If the FTSE can hold above 7134 this morning we could see a short term rally develop.  [Signup For The Full FTSE Report and Video Clip] 

If we do rally to 7200 then look for reversal sell signals to target 7112.

MAGNETIC FTSE Trading Report - 31 January 2017

IF THE FTSE STRUGGLES TO STAY ABOVE 7120 TODAY THEN A MOVE DOWN TO 7000 IS LOOKING LIKELY OVER THE COMING SESSIONS ESPECIALLY AS ITS END OF MONTH.

MAGNETIC FTSE Trading Report - 30 January 2017

The FTSE has held its bullish sideways range at 7150 so far in cash hours however we are trading at this lower level right now before the open.

MAGNETIC FTSE Trading Report - 27 January 2017

The FTSE continues to trade sideways with a bullish bias whilst above 7150. If the FTSE breaks yesterdays high at 7185 then expect a move above 7200 today.